Investment Market Update
Asian stocks traded mostly higher on Friday, with investor confidence improving amid a de-escalation in recent trade and geopolitical tensions.
Stocks on Wall Street rose on Thursday as US President Donald Trump signalled a more cautious approach to potential Syria missile strikes and a more welcoming approach to international trade talks.
UK stocks closed flat on Thursday as Middle East tensions cooled. Top riser on the FTSE 100 was Micro Focus International PLC, which added over 7% after reports that Elliott Management Corp had built up a position in the enterprise software firm.
- Volkswagen has replaced its chief executive with Herbert Diess, who takes on responsibility for the entire company after overseeing the VW brand. He takes over from Matthias Mueller, who was appointed in 2015 at the height of the diesel emissions scandal. The move is part of sweeping changes announced by the German company, which also owns several other brands including Audi and Porsche.
- US President Donald Trump has said he will only join the Trans Pacific Partnership (TPP) if the deal is "substantially better" than the one offered to President Barack Obama. The TPP is the free trade pact with primarily Asia-Pacific nations that Mr Trump backed out of last year. The president has previously criticised the deal as a potential "disaster"
|FTSE All Share||3,996.54||0.1%||-5.3%||9.0%|
|FTSE Small Cap||5,720.33||0.2%||-3.2%||14.9%|
|St. James's Place||1,082.50||0.7%||-11.7%||20.9%|
|Euro Stoxx 600||378.82||0.7%||-2.7%||7.7%|
|Dow Jones Ind||24,483.05||1.2%||-1.0%||25.1%|
|MSCI AC Asia Pacific||173.65||-0.5%||-0.1%||28.7%|
|MSCI World (Developed)||2,090.90||0.4%||-0.6%||20.1%|
|MSCI AC World (Dev & Em)||511.29||0.4%||-0.3%||21.6%|
|MSCI Emerging Markets||1,176.88||0.1%||1.6%||34.2%|
|MSCI AC World Value||219.70||0.3%||-1.9%||15.2%|
|MSCI AC World Growth||280.19||0.4%||1.2%||28.3%|
|FTSE Gilts All Stocks||3,559.85||-0.6%||-0.8%||3.0%|
|FTSE Index Linked All Stocks||634.03||-1.2%||-2.1%||2.3%|
|ML Sterling Corporate Bonds||393.33||-0.3%||-1.9%||5.7%|
|ML Global High Yield Bonds||379.52||0.0%||0.6%||9.7%|
|Brent Crude Oil||72.02||-0.1%||9.5%||14.5%|
|Consumer Goods and Services||19,794.11||-0.7%||-11.5%||13.6%|
|Oil & Gas||8,708.78||-0.8%||-3.9%||6.0%|
|$ per £||1.42||-0.4%||4.9%||9.5%|
|€ per £||1.15||-0.7%||1.7%||-4.0%|
|¥ per £||151.50||-0.7%||-0.5%||5.3%|
|VIX Index (Volatility)||18.49||-8.6%||67.5%||-21.4%|
|Baltic Dry Index||993.00||1.4%||-27.3%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.77%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.88|
|FTSE All Share Adj P/E||13.25|
|FTSE All Share Yld||4.05%|
|15yr Gilt Yield||1.69%|
|10yr Gilt Yield||1.46%|
|10yr US Tres Yield||2.84%|
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